Edit: It puts it all on the 590 worksheet.  But why does it go to a worksheet rather than stay on the form?  

67 year old client made a $6,500 IRA contribution.  This year she also ended her LLC and s-corp status in 2023. She shouldn't have done that.  She owes over $10k right now.  So the thought was to do a SEP IRA to reduce her liability by about $1k.  But when I do this in the software the line 6 value of all IRAs disappears.  She also took a distribution from this IRA this year and had basis so I need the 8606 to be correct.

Why is the total value of the IRAs (line 6) being removed from the 8606 when the $6,500 becomes a non-deductible and I use the max compute SEP IRA?  

AND on another note - I also thought that you could do both the deductible IRA contribution and the SEP IRA contribution.  But the software is turning the IRA contribution into non-deductible when I do the max SEP.  ANSWER:  Because AGI >$87k

Help please and thank you!